U.S.: Adhesive Market Overview 2021

Adhesive Market Size in the U.S.

The U.S. adhesive market reached $X in 2020, surging by X% against the previous year. Overall, consumption recorded a remarkable increase. The growth pace was the most rapid in 2018 when the market value increased by X% year-to-year. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market failed to regain the momentum.

Adhesive Production in the U.S.

In value terms, adhesive production expanded notably to $X in 2020. Overall, production saw measured growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% year-to-year. Adhesive production peaked in 2020 and is expected to retain growth in the near future.

Adhesive Exports

Exports from the U.S.

Adhesive exports from the U.S. rose remarkably to X tonnes in 2020, growing by X% compared with the year before. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, exports reached the peak of X tonnes. from 2015 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, adhesive exports reduced to $X in 2020. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tonnes), Canada (X tonnes) and China (X tonnes) were the main destinations of adhesive exports from the U.S., with a combined X% share of total exports.

From 2013 to 2020, the biggest increases were in Mexico, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and China ($X) were the largest markets for adhesive exported from the U.S. worldwide, with a combined X% share of total exports. Germany, South Korea, Brazil and Panama lagged somewhat behind, together accounting for a further X the main countries of destination, Germany recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average adhesive export price amounted to $X per tonne, shrinking by -X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per tonne), while the average price for exports to Panama ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Imports

Imports into the U.S.

In 2020, after three years of growth, there was significant decline in overseas purchases of adhesives, when their volume decreased by -X% to X tonnes. In general, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2015 with an increase of X% year-to-year. Imports peaked at X tonnes in 2019, and then shrank in the following year.

In value terms, adhesive imports contracted to $X in 2020. Overall, imports, however, showed a measured expansion. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2019, and then shrank in the following year.

Imports by Country

Canada (X tonnes), Germany (X tonnes) and China (X tonnes) were the main suppliers of adhesive imports to the U.S., with a combined X% share of total imports. These countries were followed by Mexico, France, the Netherlands, the UK, Belgium, South Korea, Italy and Taiwan (Chinese), which together accounted for a further X 2013 to 2020, the biggest increases were in France, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Canada ($X) and China ($X) appeared to be the largest adhesive suppliers to the U.S., together comprising X% of total imports. Mexico, South Korea, the UK, France, the Netherlands, Italy, Belgium and Taiwan (Chinese) lagged somewhat behind, together comprising a further X the main suppliers, South Korea saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average adhesive import price amounted to $X per tonne, surging by X% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform